Global Bin Picking Robot Market Growth 2023-2029

Global Bin Picking Robot Market Growth 2023-2029

Bin Picking is a technology in which a robot, equipped with a 3D camera, takes parts out of a container filled with unorganized, often irregularly shaped pieces and aligns them properly before sending them to the next station. The challenge is to process differently shaped objects held in containers in an entirely random order.

The Bin Picking Robot industry can be broken down into several segments, Suitable for Small Part Sizes, Suitable for Medium Part Sizes, Suitable for Large Part Sizes, etc.

Across the world, the major players cover Fanuc, Universal Robots, KUKA, Yaskawa Motoman, ABB, Techman Robot, Kawasaki, Nachi, Comau, EPSON Robots, etc.

LPI (LP Information)' newest research report, the “Bin Picking Robot Industry Forecast” looks at past sales and reviews total world Bin Picking Robot sales in 2022, providing a comprehensive analysis by region and market sector of projected Bin Picking Robot sales for 2023 through 2029. With Bin Picking Robot sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bin Picking Robot industry.

This Insight Report provides a comprehensive analysis of the global Bin Picking Robot landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bin Picking Robot portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bin Picking Robot market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bin Picking Robot and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bin Picking Robot.

The global Bin Picking Robot market size is projected to grow from US$ 1237.2 million in 2022 to US$ 2760.4 million in 2029; it is expected to grow at a CAGR of 2760.4 from 2023 to 2029.

Global key players of bin picking robot include Universal Robots, Fanuc, Techman Robot, etc. Asia-Pacific is the largest producer of bin picking robot, holds a share over 50%, followed by Europe, and North America. In terms of product, suitable for small part sizes is the largest segment, with a share over 40%. And in terms of application, the largest segment is automotive, with a share near 35%.

This report presents a comprehensive overview, market shares, and growth opportunities of Bin Picking Robot market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Suitable for Small Part Sizes
Suitable for Medium Part Sizes
Suitable for Large Part Sizes

Segmentation by application
Automotive
Electrical and Electronics
Metal and Machinery
Food, Beverages and Pharmaceuticals
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Universal Robots
Fanuc
Techman Robot
ABB
KUKA
Yaskawa (Motoman)
Kawasaki
Nachi
DENSO Robotics
Staubli

Key Questions Addressed in this Report

What is the 10-year outlook for the global Bin Picking Robot market?

What factors are driving Bin Picking Robot market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Bin Picking Robot market opportunities vary by end market size?

How does Bin Picking Robot break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.